Express Transindo Utama Tbk PT

The company's capital structure is characterized by a strong equity base, with total equity of IDR 58.4 billion and no long-term debt, resulting in a debt-to-equity ratio of 0.0. However, the company's liquidity position is weak, as indicated by a negative operating cash flow of IDR 2.77 billion and a free cash flow of IDR -870.71 million, despite a high current ratio of 7.57.

Profitability metrics are negative, with a return on equity of -1.59% and a return on assets of -1.35%, both significantly below the industry median for passenger transportation. The company reported a net loss of IDR 929.52 million, and its operating income was also negative at IDR 1.06 billion, indicating operational inefficiencies and cost overruns.

The company's revenue is not segmented by geographic region or business line in the available data, but the lack of long-term debt and high equity base suggest a relatively concentrated exposure to its core operations. There is no indication of geographic diversification or segment-specific performance in the provided financials.

The company's growth trajectory is uncertain, as the available data does not provide forward-looking revenue projections or outlooks for the current or next fiscal year. The negative operating and free cash flows suggest a lack of internal funding for growth initiatives, and the absence of capital expenditures indicates a potential pause in expansion or maintenance activities.

Risk factors include a low liquidity score, driven by negative operating cash flow and free cash flow, which could limit the company's ability to meet short-term obligations. The risk of dilution is currently low, as there are no immediate filing-based flags for dilution or liquidity issues. However, the company's negative net income and operating income suggest a need for potential capital injections or operational restructuring.

There are no recent events or filings disclosed in the available data that would indicate significant changes in the company's operations, strategy, or financial position. The absence of recent transcripts or filings suggests a lack of public commentary or strategic announcements in the near term.

Operating income surged 127.3% year-over-year to IDR 1.19 billion, signaling a significant turnaround in core operational profitability.

The company maintains a zero debt-to-equity ratio, ranking in the top quartile for leverage safety within its peer cohort.

Cash conversion efficiency stands at 2.98, significantly outperforming the cohort median of 1.5 and indicating strong cash generation relative to earnings.

Net income improved by 56.2% year-over-year, reducing the net loss to IDR 1.77 billion despite ongoing revenue pressures.

Free cash flow improved by 64.2% year-over-year, narrowing the cash burn to IDR 1.11 billion in the latest period.

The company carries a high credit risk flag, suggesting significant concerns regarding its ability to meet financial obligations or maintain solvency.

Return on equity is negative at -1.59%, underperforming the cohort median of 5.27% and indicating poor capital efficiency for shareholders.

Gross profit remains negative at IDR -2.85 billion, demonstrating that core service delivery costs continue to exceed direct revenue generation.

Revenue IDR 4.85B, +64,5% YoY; Operating income +70,0% YoY.

• ▍Revenue IDR 4.85B, +64,5% YoY
• ▍Operating income +70,0% YoY
• ▍Net income +72,8% YoY
• ▍Free cash flow +76,2% YoY
• ▍Net margin -83.5%

Revenue IDR 2.95B, −59,4% YoY; Operating income +42,1% YoY.

• ▍Revenue IDR 2.95B, −59,4% YoY
• ▍Operating income +42,1% YoY
• ▍Net income −107,9% YoY
• ▍Free cash flow −106,7% YoY
• ▍Net margin -505.1%

Revenue IDR 7.26B, −66,3% YoY; Operating income +72,8% YoY.

• ▍Revenue IDR 7.26B, −66,3% YoY
• ▍Operating income +72,8% YoY
• ▍Net income +455,1% YoY
• ▍Free cash flow +958,1% YoY
• ▍Net margin 2597.2%

Revenue IDR 21.54B; Operating income -IDR 92.16B.

• ▍Revenue IDR 21.54B
• ▍Operating income -IDR 92.16B
• ▍Net margin -246.6%